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Anestetic [448]
3 years ago
9

A warehouse located in an urban area had been vacant for several years. Although the warehouse was not being used, the owner of

the warehouse maintained the building in conformity with all state and local laws and regulations. One evening, thieves entered the warehouse and stripped the copper wiring from the building. In the process, the thieves damaged a stone cornice above the warehouse’s main entryway. Shortly thereafter, the cornice collapsed and injured a pedestrian. The pedestrian initiated a negligence suit against the warehouse owner, and the warehouse owner filed a motion to dismiss the case.
Which of the following findings would be sufficient to support the warehouse owner’s motion to dismiss?

A. The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.
B. The copper wire theft and the cornice collapse were unforeseeable.
C. The pedestrian was more than half at fault for the injuries sustained.
D. The warehouse owner had maintained the building in conformity with state and local laws and regulations.
Business
1 answer:
emmasim [6.3K]3 years ago
6 0

Answer:

The correct answer would be option A, The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.

Explanation:

The owner of the warehouse has been taking care of the warehouse despite the fact that the warehouse was not in the use of anyone. Although the warehouse was not being used, the owner has maintained the building in conformity with all state and local laws and regulations. Now the incident happened due to the theft of the copper wire, due to which the cornice collapsed. This was totally unforeseeable and there was not even a little mistake of the owner, also he has been maintaining  the warehouse in conformity with the laws of the area, the owner can easily file a motion to dismiss the case.

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On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were
Mariana [72]

Answer:

Apr 1

DR Cash $234,000  

CR Common stock   $63,000

CR   Paid in capital in excess of par - Common Stock  $171,000

<em>(To record issuance of common stock)</em>

 

Apr 7

DR Cash $540,000  

CR Preferred stock   $350,000

CR Paid in capital in excess of par - Preferred Stock  $190,000

<em>(To record issuance of preferred stock)</em>

 

Explanation:

April 1

Cash

9,000 * 26 = $234,000

Common stock

9,000*7 = $63,000

April 7

Cash

5,000*108 = $540,000

Preferred stock

5,000*70 = $350,000

7 0
3 years ago
A private university offers graduate assistantships to qualified students each year. In exchange for the waiver oftuition, gradu
alina1380 [7]

Answer:

A. tuition revenues of $4,000 and expenditures of $4,000.

Explanation:

If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:

a. The student will have to pay $4,000 tuition. This is a revenue to the university.

b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.

Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.

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3 years ago
Guiness Inc. has a budgeted production of 8,000 units. Each unit requires 40 minutes of direct labor work to complete. The direc
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<u>Solution and Explanation:</u>

The budgeted cost of the direct labor for the month is calcuated as follows:

the given data:

Budgeted production is = 8000 units, time required of direct labor work in order to complete the production is = 40 minutes, the direct labor rate as given in the question is = $100 per hour.

Budgeted cost = time multply with rate of labor multiply with budgeted production

(40/60 multiply with 100) multiply with 8000 = 533,333.33

therefore, the budgeted cost = $533333.33 ( rounded of to 2 places).

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3 years ago
Green Company purchases a truck for $30,000 on the first day of the year. Green Company uses straight-line depreciation and esti
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Answer:

$5,000

Explanation:

The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;

Depreciation for the year=  (Cost of asset-Residual value)/useful life

Cost of asset=$30,000

Residual value=$5,000

useful life=5

Depreciation for the year=($30,000-$5,000)/5=$5,000

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Indicate which barrier to entry appropriately explains why a monopoly exists in each scenario?
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It should be b I hope that help
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